CanWel Building (CWX) Receives a Hold from CIBC

By Carrie Williams

In a new note to investors on October 11, an analyst has provided a rating update for CanWel Building (CWXResearch Report). The Services company, CanWel Building (TSX: CWX) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Patel is a 3-star analyst with an average return of 4.8% and a 43.4% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Interfor Corporation, and Stella-Jones Inc.

CanWel Building has an analyst consensus of Hold, with a price target consensus of C$4.60.

The company has a one-year high of C$5.42 and a one-year low of C$4.19. Currently, CanWel Building has an average volume of 95.56K.

CanWel Building Materials Group Ltd. engages in the distribution and trade of construction materials. It operates through the Building Materials Distribution and Forestry segments. The Building Materials Distribution segment supplies building materials and home renovation products and provides value-added services such as lumber pressure treating.

The company’s shares closed last Tuesday at C$4.42.